It should come as no surprise that along with the gradual increase in the prices oil and gas, rig activity has also increased. This past January, the number of wells spud was at its highest in two years with 717 wells spud. This is compare to 2015 when the total amounted to 767. The breakdown between oil and gas wells amounted to 524 or 73% for oil, and 193 for natural gas.The increase from one year ago was substantial. In Januray of 2016, a total of 479 wells were spud. The following is a [Read more]
Where was the money spent? A snapshot of upstream M&A activity in 2016
According to BOE Report M&A Database, over $14 billion of Western Canadian upstream deals closed in 2016, comprised of over 339,000 BOE/D. Oil sands transactions topped the list with nearly $6 billion (comprised of 147,000 BOE/D) worth of transactions. Suncor Energy's acquisition of Canadian Oil Sands. The Montney was the most active shale play with over $4 billion (with 93,000 BOE/D) worth of deal. The largest transactions were Seven Generations purchase of assets from Paramount [Read more]
New Oil and Gas Jobs From BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up here to create an account to post jobs; it's simple and easy to use. Feb. 5 Coil Tubing Operator - Medicine Hat Calfrac Well Services Medicine Hat Feb. 5 Class 1 - Fracturing Operator - Grande Prairie Calfrac Well Services Grande Prairie Feb. 5 Class 1 - Fracturing Operator [Read more]
Canada rig count down 2 rigs this week to 343
Canada's rig count dropped by 2 to 345 rigs this week. Rig activity is still strong versus one year ago when only 242 were working. Of the active fleet 197 are drilling for oil and 146 for gas. United States rig count has been steadily climbing since last June. Most recent count has 729 active drilling rigs. up 17 from last week and 326 from last June's low. Canada rig counts are still substantially lower than 3 years ago, when 600 rigs were steadily active through the drilling [Read more]
PNG Exchange New Properties & Equipment
PNG Exchange New Properties Freehold Royalties Ltd. - Non-Op Unit WI Sale, Unleased Fee Lands Centrica Energy – Saskatchewan Fee Title Lease Auction - bids due April 28, 2017 Canadian Natural Resources Limited – Normandville, Hamburg, SE SK, Lonerock TORC Oil & Gas – Northville, Garrington, Carrot Creek, Pine Creek, Nanton, Ferrier, Kaybob-Cardium Taylor Hill Exploration Exploration Ltd. – Swan Hills TAQA North – Blue Rapids, Wilson Creek, Nordegg, Brazeau, Brant Farrow, [Read more]
Sproule registered by Comisión Nacional de Hidrocarburos (CNH) to conduct petroleum reserve audits in Mexico
CALGARY, Alberta, CANADA –February 2, 2017 – Sproule announces approval by the Comisión Nacional de Hidrocarburos (CNH) of Mexico to conduct reserve audits in Mexico. As a trusted advisor to global E&P companies, financial institutions and governments, “We are excited to extend Sproule’s geoscience and engineering expertise in the successful exploration and production of Mexico’s energy resources,” says Nora Stewart, Senior Vice President, Reserves Certification. “Having a 65-year legacy [Read more]
Crescent Point Energy Drilled over 1.4 million metres in 2016
Crescent Point Energy Drilled 1,443,392 metres in 2016. 1,380,401 of which was in Saskatchewan where the company holds most of their operations. What is apparent is that they put by far the most pipe into the ground compared to any other producer in Canada. Company Metres Drilled Crescent Point Energy 1,443,392 Raging River Exploration Inc. 682,012 Teine Energy Ltd. 667,594 Tourmaline Oil Corp. 562,492 Peyto Exploration and Development 547,639 Shell [Read more]
PSAC Looks to the Future with Cautious Optimism Once Again for 2017
CALGARY, AB (January 30, 2017) – In its first update to the 2017 Canadian Drilling Activity Forecast, released today, the Petroleum Services Association of Canada (PSAC) has revised its forecasted number of wells drilled (rig releases) across Canada for 2017 to 5,150 wells. This represents an increase of 975 wells, or 23 percent, from PSAC’s original 2017 drilling forecast released in early November 2016. PSAC is basing its updated 2017 forecast on average natural gas prices of $3.00 CDN/mcf [Read more]
New oil and gas jobs from BOE Report Jobs
Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up here to create an account to post jobs; it's simple and easy to use. Jan. 27 Summer Student Relief Operator - Harmattan Gas Processing Facility AltaGas Didsbury Jan. 27 Regulatory Coordinator - Horizon Canadian Natural Resources Calgary Jan. 27 Legal Assistant - Part [Read more]
Canada rig count climbs to 345 active rigs
Drilling in western Canada is at highest since close to one year ago, new data from Baker Hughes shows. With an increase in drilling activity, positive news with regard to several Canadian pipeline projects, and a recent rebound in price, things are starting to look rosier in the oil patch. According to Baker Hughes, 345 rigs are drilling in western Canada. The highest total since February 2015. Of the working fleet, 200 are drilling for oil; 145 for gas. Alberta activity has increased [Read more]
- « Previous Page
- 1
- …
- 226
- 227
- 228
- 229
- 230
- …
- 346
- Next Page »